Jack and Jill have a bathtub full of 20 Dollar bills that some old Baby Boomers left them when they kicked the bucket. The contents of that bathtub total 5,000 USD. Jack has a good Job with plenty of flexibility while Jill works from home. They have no children with no plans to have any.
Jack comes home after reading all the news about BTC's soaring prices. He says to Jill he would like to get involved and see what BTC is all about first hand. Jill turns around and says i heard about it as well... I want to trade the volatility during the day. Jack says he would like to run a Mine. This would allow him to generate passive income.
How would we best accommodate Jack and Jill in the above scenario?
First of all I think the story was quite unnecessary the title itself quite clearly explains your question. The answer is upto you. If you can bear the cost of buying number of ASIC's and other hardwares required in mining. Go with it but remember the technicalities and difficulties involved. Also do consider the monopoly which certain miners have. While Investing is all upto your market strategy as it is clear from your story you want trade volatility of day so you would require a good strategy for analyzing every altcoin.